USS Investment Management Ltd Buys New Shares in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

USS Investment Management Ltd acquired a new position in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 57,115 shares of the company's stock, valued at approximately $985,000.

Several other large investors have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. grew its stake in shares of Enlight Renewable Energy by 51.0% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company's stock worth $32,000 after acquiring an additional 625 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Enlight Renewable Energy in the 4th quarter worth about $145,000. Jane Street Group LLC purchased a new stake in Enlight Renewable Energy during the 4th quarter valued at about $196,000. Geode Capital Management LLC increased its stake in Enlight Renewable Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 106,057 shares of the company's stock valued at $1,829,000 after purchasing an additional 2,467 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Enlight Renewable Energy by 19.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 125,865 shares of the company's stock valued at $2,178,000 after purchasing an additional 20,345 shares in the last quarter. 38.89% of the stock is owned by institutional investors.

Enlight Renewable Energy Stock Performance

ENLT traded up $0.51 during mid-day trading on Wednesday, reaching $18.91. 13,608 shares of the company traded hands, compared to its average volume of 16,012. The company's fifty day moving average price is $16.53 and its 200-day moving average price is $16.61. The stock has a market capitalization of $2.19 billion, a P/E ratio of 52.53 and a beta of 1.24. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98. Enlight Renewable Energy Ltd has a 52-week low of $14.01 and a 52-week high of $19.65.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.24. The company had revenue of $129.87 million for the quarter, compared to the consensus estimate of $396.61 million. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. On average, sell-side analysts expect that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ENLT. Wolfe Research downgraded shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Enlight Renewable Energy in a research report on Thursday, March 6th. They issued a "buy" rating and a $22.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.25.

Enlight Renewable Energy Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.